CalSavers sued in federal court

A group alleges participants in CalSavers won't have the protections built into ERISA.

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A lawsuit filed by the Howard Jarvis Taxpayers Association in the U.S. District Court for the Eastern District of California claims CalSavers (formerly Secure Choice) violates the Supremacy Clause of the U.S. Constitution. (Photo: David Handschuh/ALM)

A California-based advocate for taxpayers is asking a federal court to void the The California Secure Choice Retirement Savings Program, a state-administered IRA savings plan.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.